×

Utilities Electric Utilities

  • MELBOURNE, May 7- Dozens of companies from 10 countries are vying with Elon Musk's Tesla Inc to install Australia's largest grid-scale battery to help keep the lights on in the country's most wind-dependent state. Most submissions have been by Australia- based developers in tandem with international energy storage manufacturers, but there have also been...

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...

  • *Startup of first UAE nuclear reactor delayed by months. *UAE nuclear operator Nawah struggling to get licence. When the deal was negotiated in 2008-09, the APR1400 reactor model that KEPCO offered in Abu Dhabi existed on paper, but the first model of the new series was set to go online at South Korea's Shin Kori nuclear station in 2013, well ahead of the planned...

  • It was the industry's biggest first quarter since 2009, the American Wind Energy Association said in its first-quarter market report released on Tuesday. About a quarter of the megawatts installed in the first quarter are contracted to buyers outside the utility industry, including the U.S. Army, Amazon.com Inc and Alphabet Inc's Google.

  • ATHENS, May 2- Greece has agreed to sell coal-fired plants and coal mines equal to about 40 percent of its dominant power utility Public Power Corp's coal-fired capacity, to help open up its electricity market, the energy ministry said on Tuesday. The agreement is part of a reform deal Greece and its foreign creditors reached early on Tuesday, paving the way for the...

  • WILMINGTON, Del./ NEW YORK May 2- In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the...

  • April 30- Caterpillar Inc shares rose 8 percent over the past week on strong first quarter earnings but could rise another 20 percent over the next year, including the 3- percent dividend, Barron's wrote over the weekend. The manufacturer had made a big bet on mining, paying $8.6 billion including debt for Bucyrus International. Despite the positive results, Wall...

  • WASHINGTON, April 28- A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo. A 10- judge panel of the U.S....

  • BEIJING, April 28- Toshiba Corp's Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday. Westinghouse filed for bankruptcy last month, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the...

  • Jim Cramer explains why these top tech stocks continue to draw investors.

  • Jim Cramer on Mad Money

    Jim Cramer explains why these top tech stocks continue to draw investors.

  • "The stabilization that we're seeing in the market is much more driven by the price of natural gas as a competitive fuel," Chief Executive Lance Fritz told Reuters after the Omaha, Nebraska- based railroad reported a better-than-expected first-quarter profit that was boosted by a 25 percent increase in coal revenue. He said he was also optimistic that the North...

  • US infrastructure projects need to 'skinny down' approval process: Sean McGarvey

    Michael Skelly, Clean Line Energy Partners, and Sean McGarvey, North America's Building Trade Unions, discuss what needs to happen to proceed with infrastructure projects in the U.S.

  • MOSCOW/ SEVASTOPOL, Crimea, April 27- Russia's $1.3 billion plan to build two new power plants in Crimea aimed to show that Moscow could complete high-tech projects on the annexed peninsula despite Western technology sanctions. But two years after its approval, the plan, which would supply Crimea's residents with power they once got from Ukraine, has been...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • LONDON/ MOSCOW, April 26- En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydro power businesses, plans to raise $2 billion in an initial public offering in London and Moscow, sources familiar with the deal said. A flotation of 20 to 25 pct of En+ split between the two capitals would value the company at up to $10 billion, a valuation some industry...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *Warsaw's commitment to coal expansion lowers risk for investors. WARSAW/ LONDON, April 25- Many Western banks and finance institutions have pledged to divest from coal, but this has not stopped at least one Polish utility that is expanding its use of the fossil fuel from securing funding through banks and the European Investment Bank. Furthermore, the...

  • SANTIAGO, April 25- General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint. GE is in talks to provide turbines for wind farms to be developed by Ireland's Mainstream Renewable Power...